Applications for Organisation Management Strategy [4]
论文作者:匿名论文属性:短文 essay登出时间:2009-06-07编辑:刘宝玲点击率:12208
论文字数:5000论文编号:org200906071521279211语种:中文 Chinese地区:中国价格:免费论文
关键词:ApplicationsOrganisationManagementStrategyobjectives
ion makers must be concerned with a firm's overall benefits (3.72). This is a principle that firms have long been committed to in order to protect them against minority interest problems. Next, a determination of clear goals (3.58) as well as an evaluation of all alternatives (3.55) and impacts (3.46) from decision-making receives a moderately high score. All these aspects help Thai executives to deeply understand fhe issues and lead to increased accuracy in making decisions. In addition, flexibility in decision-making must be maintained (3.53) by Thai executives as environmental conditions are dynamically changing more than ever. Also, timely (3.22) and unbiased (3.30) decision-making receives a moderate level of application by Thai executives. Overall, Thai firms emphasise systematic decision making in order to handle variations in the environment for their sustainability.
Regarding the self-immunity concept, according to table 3, Thai executives mostly agree that their financial risks are carefully assessed (3.72). In particular, exchange rate and interest rate risks are of prime concern due to the persistent negative impact from the previous crisis. The crisis resulted in a lack of liquidity and insufficient working capital. Consequently, many corporations went bankrupt and the whole economy was weakened. Thai executives then are significantly concerned about financial risks. Other types of risks, consisting of operating risks (3.57), competitive risks (3.55), and reputation risk (3.55) are also important for Thai businesses. On the other hand, modern risk management techniques (3.33), evaluation of a firm's overall strength (3.36) and the monitoring of risk management measures (3.34) receive moderate scores in this study. This is because these techniques are relatively new and are complicated to Thai business.
Regarding the knowledge application condition, Thai executives focus heavily on information about the external and internal environment. As seen in table 4, up-to-date information is provided for decision making (3.61). External (3.64) and internal (3.67) information on the environment is continuously monitored. This means the environment information is crucial for a Thai firm's survival and success. In particular, dynamically changing conditions of an economic, social and political nature currently represent a challenging threat to firms. They must closely monitor and assess the impacts from uncertain environmental conditions. However, regular analyses of training needs (3.06) and the assessment of training programme effectiveness (3.00) receive only moderate attention from Thai executives. Conducting training needs analysis regularly is rare in the majority of Thai firms. Likewise, effectiveness of training programs, even regarded as being important, is difficult to measure accurately. The programs are normally evaluated according to the satisfaction of participants which remains in sufficiently concrete.
Regarding the morality condition, the morality concept is increasingly important and has been adopted by Thai executives recently. In this respect, employment of independent external auditors to reinforce a firm's moral practices is mostly emphasized (3.72) (See table 5). This is required by the laws and rules of various regulators. However, this measure is inadequate for a firm's transparency. Thai firms also give importance to management by committee (3.56) and the employment of independent internal audits (3.50). Man
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